2012-09-24
2012-10-02
x FBC
x neil cavuto

STATION
FBC 2
LANGUAGE

Set Clip Length:


harm than good, brenda, especially to the country's bottom line. look, i went through the plan, obama's plan. i went through his tv commercial, three things jumped out that just didn't make any sense, one, he wants to-- one, he wants to cut tax breaks or companies that outsource. when companies outsource the net effect is to create more jobs that were here. people were able to buy goods cheaper because companies are able to make the goods cheaper and buy goods cheaper and spend more money in other sectors, two the other they think he wants to do, he wanted to invest in education and training programs. that's all well and good, brenda and we know that's going to cost millions and millions of dollars, but that's not how the economy works. >> gary b, it's spending more, what does that do to the debt? >> well, brenda, he tries to get up, up, up. when i went to work for ibm 30-odd years ago, the government didn't teach me how computers work. bem caught me. rockefeller's oil company taught people how to drill for oil and gas and the third thing that strikes me that's not going to work. he w

offered a plan, president obama hasn't done any of that. he disavowed bowles simpson and offered all the it i haves -- alternative plans. the even bowles simpson, it didn't address the primary driver of our debt. health care programs. starting going bankrupt. i don't want a pass a bill to fix the fiscal crisis when i know it doesn't fix the fiscal crisis. >> neil: he's saying it didn't go far enough. charles payne, ben stein, dagen mcdowell and adam lashinsky and charlie gasperino. >> i think it was a good place to start, to ryan's point, it was with respect to social security or medical spending, you know, and the ideal spending cap. if we adhere to spending caps we wouldn't be in this position in the first place, so i take his point although i think it would have been a good starting point for everyone to say, okay, let's start with this and then go from there. ben stein? >> we've gotten ourselves into a such a deep hole and everyone wants to avoid tax, tax, tax, we can't. yes, they've got it cut it, and going to have to do financials, we don't want to do it, we've got to. >> neil:

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